Thermax and Cohance slide on earnings and closure
after close1 source ↓machine-written, see hownot a recommendation
- COHANCE close
- ₹433.55
- On the day
- -3.44%
- 52-week high
- ₹744.30
- 52-week low
- ₹266.70
Stock-specific activity remained intense on 06 Nov 2026 as Thermax fell sharply after its second-quarter earnings miss, while Cohance Life declined following a Telangana Pollution Control Board order to close its Suryapet manufacturing facility. V2 Retail also gained after a large block transaction. Thermax fell 17.3% to ₹2,746 on volume of 2,896,155 shares, according to OI Charts data, compared with the 14% decline reported in the source article. 📉
Key Points:
• Cohance Life closed at ₹433.55, down 3.4% on volume of 792,969 shares, according to OI Charts data. The source article reported a 3% decline after the Telangana Pollution Control Board directed the company to shut operations at its Suryapet manufacturing site. The order followed an industrial accident during manufacturing that exposed one employee at the facility. ⚖️
• The closure creates a direct operational issue for the pharmaceuticals business. The next disclosures will be important for assessing the duration of the shutdown, the accident investigation, remediation requirements, production losses and the timing of any restart. Cohance Life had declined 2.4% over five sessions and 5.1% over 20 sessions, while its 52-week range stood at ₹266.70 to ₹744.30.
• Thermax’s fall extended its recent weakness. OI Charts data showed declines of 11.8% over five sessions and 14.8% over 20 sessions, with the stock closing near its 52-week low of ₹2,667 recorded on 06 Nov 2026. The earnings commentary and management’s explanation of the miss are the next company-specific catalysts for the capital-goods segment.
• V2 Retail rose 7.5% to ₹173.50 on volume of 67,650,250 shares, according to OI Charts data. The source article said 63 lakh shares, representing 1.71% of equity and worth ₹100 cr, changed hands at ₹160 a share in the block deal window. The buyer and seller were not identified. The stock gained 17.6% over five sessions.
KNR Constructions also rose 2% after receiving a Letter of Acceptance from the Hyderabad Metropolitan Development Authority for an elevated corridor from ICCC. The source did not provide the project value, so its order-book impact cannot be quantified. The session therefore combined an earnings shock, a regulatory shutdown, a block deal and an infrastructure award, keeping company-specific volatility elevated.
Source: TradingView, 06 Nov 2026
Not investment advice. For informational purposes only.